In November of 2011, congress passed a bill that would allow homeowners to take a $2,000 tax credit for making voluntarily energy improvements to their main residence. This includes both heating repair or installation and air conditioning repair or installation. The credit is based on the predicted energy savings over the course of the year. If you are interested in learning how to make your Collin County, TX home more energy efficient, contact a heating and cooling company near you for more information.

To receive a tax credit of $2,000, a homeowner needs to reduce energy costs by at least 20 percent. For every five percent reduction over 20 percent, the credit increases by $500. However, the maximum amount of the credit is set at $5,000 or 30 percent of what the taxpayer had to spend to decrease energy costs. A professional HVAC company in Collin County, TX can give you specific ideas on how to lower your costs and increase the longevity of your heating and cooling units at the same time.

Before you agree to new heating repair or installation, find out about the possible tax credits you may be eligible to receive. Although you won’t receive them until you file your tax return in 2013, the credit could go a long ways toward making the upgrades in energy efficiency more affordable. The service technician from a HVAC company in Collin County may also have information available about rebates from the manufacturer for installation of new heating and cooling units.

Air conditioning is a lifesaver in the summer, but it can also be expensive to run and maintain. With the help of an air conditioning repair or installation provider, you can learn how to reduce your costs immediately and possibly be eligible for a tax deduction.